- Top Economist Convinced of U.S. Recession
Interviewed at a Beijing forum, Martin Feldstein was one of several U.S. financial gurus who said they think the world’s largest economy is in recession.
- Bank of China Eyes BII Stake
Bank of China is one of the short-listed bidders to acquire a majority stake in Bank International Indonesia from Singapore’s Temasek, but experts sound caution.
- More PE Plans Submitted to State Council
China is close to adding four, new state-backed private equity funds for specific projects, despite questions over the roles of investors and managers.
- Macroeconomic Policy on NPC Agenda
While investors fear macroeconomic tightening, the National People’s Congress will focus on exports, infrastructure and the ‘super ministry plan.’
- Background on Joint Securities Firms
Foreign institutions will not get involved in a joint venture’s technology and high-level management system unless they can occupy a dominant position.
- S&P Warns Chinese Banks of Credit Risks
Although they dodged the subprime crisis, a Standard & Poor’s forecast says Chinese banks face domestic credit challenges linked to a real estate boom.
- Ice Breaks for Bancassurance in China
Banks and insurance companies have cooperated for years, and now regulators have given cautious approval to the closer ties that both sides covet.